Sep 20, 2011

Google Wallet: How it Works
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Written by : Tom George| 0 | Business

Via Scoop.itinternetbillboards
Google has launched its first version of the Google Wallet app to Sprint, a significant step in the implementation of near field communication (NFC) technology. With NFC, users can simply pay for goods by waving their phone in front of a contact-less payment scanner.

In other words, NFC allows for simplified transactions, data exchange, and connections with a touch. A smartphone or tablet with an NFC chip could make a credit card payment or serve as keycard or ID card.

“We’ve been testing it extensively, and today we’re releasing the first version of the app to Sprint. That means we’re beginning to roll out Google Wallet to all Sprint Nexus S 4G phones through an over-the-air update-just look for the ‘Wallet’ app,” Osama Bedier, Vice President of Payments, wrote in a blog post.

The ‘Wallet’ app, which would be available in Sprint Nexus S 4G phones, would work with Visa, American Express and Discover in future, with Citi and MasterCard being launch partners.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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